Yesterday’s sharp 10% drop in $DOGS is just the beginning of what looks like an ongoing downtrend. The crucial support at 0.00092 (all-time low) is being tested, and if it breaks, brace for a slide to 0.00088 or even lower!

Meanwhile, $BTC is struggling to recover the $58k level but has failed to hold, now retesting its previous support. If this retest fails (and the chances aren't looking good), DOGS could be headed for significant further losses.

🎯 Trade Setup:
- Position: Short
- Coin: $DOGS
- Current Price: 0.00095
- Target: 5-7% downside or more

Be cautious out there, and always do your own research!

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🚨 Satoshi Nakamoto’s Identity Unveiled: The Long-Awaited Revelation! 🚨
After more than a decade of intrigue, the elusive creator of Bitcoin, Satoshi Nakamoto, has been identified! 🎉 In May 2023, Australian computer scientist Craig Wright claimed and provided cryptographic proof to reveal himself as Nakamoto. 🌐🔍
Here’s the gripping journey of the Bitcoin enigma:
*Early Days (2007-2010):** Nakamoto’s Bitcoin whitepaper sparked a revolution in October 2008, leading to collaborative development and communications via emails and forums.
*Anonymity and Mystery (2010-2014):** Nakamoto disappeared from the scene in December 2010, fueling a whirlwind of speculation and theories about their true identity.
*Attempts to Uncover Identity (2014-2023):** Despite numerous investigations and false leads, the identity remained a mystery until now.
*Reveal and Controversy (2023):** Wright’s claim has stirred controversy, with experts verifying his cryptographic proof, but debate continues within the Bitcoin community about his legitimacy.
Satoshi Nakamoto’s anonymity played a crucial role in Bitcoin’s organic growth and decentralized ethos, reshaping the financial world as we know it. As the story continues to evolve, the crypto community remains divided and curious about the true identity behind the Bitcoin legend. 🌍💥
Want to dive deeper into Bitcoin’s origins, blockchain technology, or the broader crypto landscape? Let’s explore!
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Yesterday, $DOGS saw a sharp 10% decline, and it seems like the downtrend isn't over yet! 📉

All eyes are on the critical support level of 0.00092 (ALL-TIME LOW). If that level breaks, we could witness a massive drop to 0.00088 or even lower! 🚨

Meanwhile, $BTC is struggling to reclaim $58k and with the current bearish retest, it's not looking good for DOGS holders. If BTC fails, DOGS could face significant additional losses.

Trade Setup:
🛑 Position: Short
💰 Coin: DOGS
💸 Current Price: 0.00095
🎯 Target: 5-7% downside

📊 Risk Management Is Key – DYOR before entering any trade.

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Bitcoin’s recent price dip has traders and investors wondering what's driving the decline. The answer lies in a combination of profit-taking and macroeconomic factors, including key decisions from the U.S. Federal Reserve and the Bank of Japan.
🔮 Profit-Taking Before Key Events
Bitcoin recently reached a local high of $60,670 but has since fallen by 1.80% to around $58,125 as of September 16. The decline is mostly attributed to traders locking in profits ahead of the Federal Open Market Committee (FOMC) meeting on September 18-19. This is a common strategy where traders reduce exposure to high-risk assets like Bitcoin ahead of major economic decisions.

The Federal Reserve is expected to lower interest rates, which could benefit assets like Bitcoin. However, traders are cautious as they wait to see the final decision and its impact on the U.S. economy. Additionally, the Bank of Japan is set to raise interest rates on September 20, which introduces further uncertainty into the market.
🔮The "Yen Carry Trade" Factor
The Bank of Japan’s decision is crucial because of its impact on the "yen carry trade" strategy. Investors often borrow yen at low interest rates to invest in higher-yielding assets, such as Bitcoin. If the Bank of Japan raises rates, borrowing yen becomes more expensive, which could cause investors to unwind these trades, leading to selling pressure on Bitcoin.

🔮Exchange and Miner Sell Pressure
Another contributing factor to Bitcoin’s price drop is the increasing BTC balances on exchanges. As of September 16, over 3.019 million BTC are held on exchanges, signaling that more traders are moving their Bitcoin to sell, which adds downward pressure to the market. Additionally, Bitcoin miners are facing declining revenues, and they may be forced to sell more Bitcoin to cover operational costs like electricity and equipment, further contributing to the price decline.

🔮 Technical Correction in Play
From a technical analysis standpoint, Bitcoin’s price movement today is part of a broader correction trend. After testing the upper trendline of a descending triangle, BTC has been unable to break through, leading to the current correction. Bitcoin's next price target appears to be in the $52,500-$53,000 range, aligning with the lower trendline of the descending triangle channel.
In summary, a combination of profit-taking, macroeconomic uncertainties, rising exchange balances, miner sell-offs, and technical resistance is contributing to Bitcoin’s price dip today. Traders are exercising caution as they wait for key decisions from the U.S. Federal Reserve and the Bank of Japan before making their next moves.

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